Deals
Huntsman Wins Approval to Buy Rockwood Pigment Unit
This article is for subscribers only.
Huntsman Corp., the chemical maker that agreed to buy Rockwood Holdings Inc.’s titanium dioxide assets for $1.05 billion, won European Commission antitrust approval to complete the deal once a printing-ink unit is sold.
Huntsman must divest its business that makes TR52, the company’s main grade of titanium dioxide used in printing ink, as a condition to close the transaction, the commission said in a statement today. Huntsman has agreed to sell the unit to Jiaozuo, China-based Henan Billions Chemical Co., the Salt Lake City-based company said today in a separate statement.